Greenland Mines Completes Skaergaard Bathymetric Survey, Advances 2026 Drill Program

Greenland Mines Ltd. (NASDAQ: GRML) has announced the completion of its 2026 bathymetric survey campaign at the Skaergaard Project in southeast Greenland. The survey covered a larger area than originally planned, producing high-resolution seabed data across the fjords surrounding the project. This data has already been instrumental in guiding the company's support vessel to a new anchorage within 500 meters of the initial 2026 operational area. It is also expected to support the creation of new official navigational charts, a dedicated navigational safety study, and planning for future large-scale marine shipping operations.

The completion of the bathymetric survey marks a significant step in the company's preparation for the upcoming drill season. Greenland Mines has also finished collecting all HQ-diameter drill core required for its planned multiton metallurgical bulk sample, and has transitioned to NQ-size core drilling for resource definition and geotechnical work for the remainder of the season. A new core shack for logging, sampling, and storage is now fully operational, enhancing the efficiency of the field operations.

These activities are part of a broader 2026 field program at Skaergaard, which encompasses resource definition drilling, metallurgical bulk sampling, environmental baseline studies, and infrastructure planning. The company is advancing the project toward an Initial Assessment, a critical milestone in the development of the Skaergaard Project.

The Skaergaard Project is a key component of Greenland Mines' strategy to build a multi-asset platform with exposure to rare earth magnet materials, precious metals, and selected midstream processing opportunities. The company also operates a biotech division, including Klotho's KLTO-202 primary indication for ALS. The broader vision includes the North Atlantic Critical Metals Corridor, linking Greenland resources with allied downstream jurisdictions and industrial infrastructure.

The successful completion of the bathymetric survey and the progress on the drill program underscore the company's commitment to advancing the Skaergaard Project. The high-resolution seabed data will not only facilitate current operations but also pave the way for future large-scale shipping, which is essential for the eventual export of mined materials. The new navigational charts and safety study will contribute to the safe and efficient movement of vessels in the challenging Arctic environment.

Moreover, the transition to NQ-size core drilling indicates that the company is moving from bulk sampling to more detailed resource definition, a necessary step for calculating mineral resources. The operational readiness of the core shack ensures that all core handling and data collection are conducted to high standards, supporting the integrity of the geological data.

As Greenland Mines continues its 2026 field program, the company is positioning itself to meet the growing demand for critical minerals, particularly rare earth elements, which are essential for modern technologies and defense applications. The Skaergaard Project, with its rich mineral endowment, could become a significant supplier in the global market.

For more information on the progress and developments, investors can access the full press release at IBN. Additionally, the latest news and updates on Greenland Mines are available in the company's newsroom at GRML Newsroom.